SpaceX Drops, NVIDIA Surpasses $5.3T, Storage Stocks Slide, Gold Rallies | WEEX TradFi Daily Brief (Aug. 6, 2026)

1 Stock Market Highlights

1) SpaceX Shares Plunge After First Public Earnings Report, Market Cap Shrinks Significantly

SpaceX (SPCX) reported Q2 revenue well above expectations while narrowing losses, driven by strong growth in Starlink and AI-related businesses. However, surging capital expenditures and the upcoming lock-up expiration weighed heavily on investor sentiment. Shares remained under pressure throughout the session, allowing Meta to overtake SpaceX in market capitalization. Rising AI infrastructure costs and shareholder unlock concerns have become the market's primary focus.

Watchlist: SPCX

• Spot: SPCXB
• Futures: SPCX

2) NVIDIA Extends Five-Day Rally, Market Cap Surpasses $5.3 Trillion as AI Demand Narrative Strengthens

NVIDIA (NVDA) closed higher for a fifth consecutive session, lifting its market capitalization above $5.3 trillion. During its earnings call, SpaceX reaffirmed its exclusive use of NVIDIA GPUs while outlining plans for massive AI computing expansion. Combined with continued confidence in the early-stage AI investment cycle, capital continued rotating into AI leaders. Investors remain focused on future supply expansion and order execution.

Watchlist: NVDA

• Spot: NVDAB
• Futures: NVDA

3) SanDisk and Western Digital Tumble After Earnings as Storage Sector Sells Off

Although SanDisk and Western Digital both reported stronger-than-expected Q2 results, their revenue guidance for next quarter fell short of aggressive market expectations, sending shares sharply lower during and after trading. The cautious outlook weighed on the broader storage sector, dragging down peers including Micron and SK hynix. While AI server demand remains solid, near-term market sentiment has cooled.

Watchlist: SNDK, WDC

• Spot: SNDKB, WDCON
• Futures: SNDKB, WDC

4) Gold Sector Rallies as Safe-Haven Demand and Rate-Cut Expectations Rise

Weaker-than-expected employment data eased concerns over further rate hikes, pushing Treasury yields lower. Combined with ongoing geopolitical uncertainty, investors rotated into gold and silver as safe-haven assets, driving precious metals broadly higher.

Watchlist: GOLD (PAXG), GOLDXAUT

• Spot: GOLD(PAXG), GOLDXAUT, SILVER(XAG)
• Futures: XAU, XAG

5) Unitree Robotics IPO Reaches Key Stage, China's First Humanoid Robot Stock Nears Listing

Unitree Robotics (UNITREE) completed its preliminary IPO pricing process on August 5, with its STAR Market listing expected around mid-August. The company plans to raise approximately RMB 4.2 billion, implying a valuation of roughly RMB 42 billion, and is expected to become China's first publicly listed humanoid robotics company. Investors are closely watching its valuation, R&D spending, and overseas expansion prospects.

Watchlist: UNITREE

• Futures: UNITREE

2 U.S. Earnings Preview

August 6 (Pre-Market)

ConocoPhillips and Constellation Energy are scheduled to report earnings. Key areas to watch include:

1) ConocoPhillips (COP)

Investors will focus on upstream profitability amid oil price fluctuations, production trends, capital expenditure plans, and the impact of geopolitical developments on global energy supply.

Watchlist: COP

• Spot: COPON
• Futures: COP

2) Constellation Energy (CEG)

Key areas to watch include progress on nuclear plant license extensions and long-term clean energy power purchase agreements (PPAs) with major technology companies supporting AI data centers.

Watchlist: CEG

• Spot: CEGON
• Futures: CEG

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